Moving to another question will save this response. Question 17 of 30 Question 17 14 points Somervell Corporation had 300,000 shares of common stock and 30,000 shares of om $100 par convertible preferred stock outstanding during the year. Each share of preferred stock is convertible into five shares of common stock. Net income for the year was $800.000 and dividends were paid to both common and preferred shareholders. What is Somerveils duted UPS (rounded 52.42 $1.78 $3.30 53.27 Question 17 of 30 Moving to another question will save this response